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June 13, 2011, 10:28 p.m. EDT · CORRECTED

Japan stocks fall; Hong Kong rebounds on banks

China’s banks extend fewer loans than expected

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By Lisa Twaronite and Michael Kitchen, MarketWatch

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Energy losses

Weak crude weighed on energy shares around the region, with the benchmark Nymex contract  languishing at or below $99 a barrel for much of the day.

Energy shares fell in Tokyo, with Inpex Corp. /zigman2/quotes/206689846/delayed JP:1605 +1.35%   /zigman2/quotes/207958170/composite IPXHY +1.02%  and Japan Petroleum Exploration Co. /zigman2/quotes/201212147/delayed JP:1662 -0.05%   /zigman2/quotes/202925532/composite JPTXF -23.99%  each ending 1.7% lower.

In Hong Kong, PetroChina Co. /zigman2/quotes/204979431/delayed HK:857 +2.55%   /zigman2/quotes/206980083/delayed CN:601857 -0.46%   /zigman2/quotes/205108732/composite PTR +4.46%  slipped 0.6%, while China Petroleum & Chemical Corp. /zigman2/quotes/202085942/delayed HK:386 +1.70%   /zigman2/quotes/202783176/composite SNP +3.69% , also known as Sinopec, ended flat.

Still, weak crude helped some airline shares, with Cathay Pacific Airways Ltd. /zigman2/quotes/203532437/delayed HK:293 +5.45%   /zigman2/quotes/208114856/composite CPCAY +5.29%  rising 0.4%.

Elsewhere in Asia, South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.43%  closed with a 0.1% gain after moving in either direction during the session, and the Shanghai Composite /zigman2/quotes/206600939/delayed CN:000001 +0.15%  narrowed a 1.1% drop in the morning session to close a more modest 0.2% lower, also benefitting from a rebound in many financials.

Markets in Australia were closed for a public holiday Monday.

Overall, last week’s Wall Street losses helped to depress investor sentiment in Asia. On Friday, the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +3.15%  fell 1.4% to hit its lowest close since March 18, rounding out its sixth straight losing week. Read more on U.S. stocks.

“Last week was another poor week for risk appetite, with weaker-than-anticipated Chinese trade data adding another layer to global growth concerns that had been previously led by the U.S., following a run of weak economic data,” said Mitul Kotecha, a strategist at Credit Agricole SA in Hong Kong.

“Data releases this week are unlikely to reverse the negative sentiment pervading markets,” he said in a note to clients Monday.

In the U.S. this week, key releases are slated to include retail sales, consumer-price inflation, industrial production and consumer sentiment. See U.S. economic preview.

/zigman2/quotes/206689846/delayed
JP : Japan: Tokyo
¥ 766.00
+10.20 +1.35%
Volume: 7.63M
June 5, 2020 3:00p
P/E Ratio
9.65
Dividend Yield
3.13%
Market Cap
¥1103.62 billion
Rev. per Employee
¥291.81M
loading...
/zigman2/quotes/207958170/composite
US : U.S.: OTC
$ 6.91
+0.07 +1.02%
Volume: 34,563
June 5, 2020 3:45p
P/E Ratio
8.65
Dividend Yield
2.82%
Market Cap
$10.13 billion
Rev. per Employee
$2.64M
loading...
/zigman2/quotes/201212147/delayed
JP : Japan: Tokyo
¥ 2,108.00
-1.00 -0.05%
Volume: 363,800
June 5, 2020 3:00p
P/E Ratio
4.49
Dividend Yield
2.37%
Market Cap
¥120.54 billion
Rev. per Employee
¥156.48M
loading...
/zigman2/quotes/202925532/composite
US : U.S.: OTC
$ 16.08
-5.08 -23.99%
Volume: 0.00
April 28, 2020 5:20p
P/E Ratio
3.74
Dividend Yield
N/A
Market Cap
$919.27 million
Rev. per Employee
$1.42M
loading...
/zigman2/quotes/204979431/delayed
HK : Hong Kong
HK$ 2.81
+0.07 +2.55%
Volume: 109.07M
June 5, 2020 4:08p
P/E Ratio
23.36
Dividend Yield
5.59%
Market Cap
HK$501.48 billion
Rev. per Employee
HK$5.32M
loading...
/zigman2/quotes/206980083/delayed
CN : China: Shanghai
¥ 4.30
-0.02 -0.46%
Volume: 51.67M
June 5, 2020 3:00p
P/E Ratio
17.23
Dividend Yield
3.34%
Market Cap
¥790.65 billion
Rev. per Employee
¥4.49M
loading...
/zigman2/quotes/205108732/composite
US : U.S.: NYSE
$ 37.02
+1.58 +4.46%
Volume: 193,094
June 5, 2020 4:00p
P/E Ratio
10.22
Dividend Yield
4.56%
Market Cap
$7.48 billion
Rev. per Employee
$678,384
loading...
/zigman2/quotes/202085942/delayed
HK : Hong Kong
HK$ 3.59
+0.06 +1.70%
Volume: 85.92M
June 5, 2020 4:08p
P/E Ratio
16.70
Dividend Yield
9.44%
Market Cap
HK$427.38 billion
Rev. per Employee
HK$7.40M
loading...
/zigman2/quotes/202783176/composite
US : U.S.: NYSE
$ 47.25
+1.68 +3.69%
Volume: 250,106
June 5, 2020 4:00p
P/E Ratio
8.44
Dividend Yield
8.30%
Market Cap
N/A
Rev. per Employee
$975,922
loading...
/zigman2/quotes/203532437/delayed
HK : Hong Kong
HK$ 8.90
+0.46 +5.45%
Volume: 14.00M
June 5, 2020 4:08p
P/E Ratio
20.71
Dividend Yield
2.02%
Market Cap
HK$33.20 billion
Rev. per Employee
HK$4.27M
loading...
/zigman2/quotes/208114856/composite
US : U.S.: OTC
$ 5.72
+0.29 +5.29%
Volume: 58,549
June 5, 2020 3:46p
P/E Ratio
20.86
Dividend Yield
3.73%
Market Cap
$4.28 billion
Rev. per Employee
$544,403
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,181.87
+30.69 +1.43%
Volume: 854,591
June 5, 2020 3:30p
loading...
/zigman2/quotes/206600939/delayed
CN : China: Shenzhen
¥ 13.59
+0.02 +0.15%
Volume: 38.30M
June 5, 2020 3:00p
P/E Ratio
9.44
Dividend Yield
1.60%
Market Cap
¥263.34 billion
Rev. per Employee
¥6.12M
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,110.98
+829.16 +3.15%
Volume: 540.36M
June 5, 2020 4:07p
loading...

Lisa Twaronite is MarketWatch's Tokyo bureau chief. Michael Kitchen is Asia editor for MarketWatch and is based in Los Angeles.

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